HeroHonda Desh Ki Dhadkan ...
Something very very important has happened with herohonda today ...
1. Wide Range Bar and high bar closing in the middle or little below of middle
2. Upper shadow has broken the resistance, but price failed back down
3. Volume is increased substantially
4. Intraday action : - Price fallen and huge buying at down prices ... So is this a shakeout???
... If all it means accumulation by SM right now... then very soon we MUST see within a week a start of a BIG uptrend and distribution by SM ....
But when accumulation going to end???
Do what I am seeing and deducing is correct???
Only bunny-dada and karthik Sir knows ...
Still for the paper trading now I say that there will be no major downtrend now ... So Call option is very soon going to rock now ...
I bought on paper herohonda 24 Sep 1620 Call @ 23.80 x200 = 4760 Rs.
Let us see what happens ...
Something very very important has happened with herohonda today ...
1. Wide Range Bar and high bar closing in the middle or little below of middle
2. Upper shadow has broken the resistance, but price failed back down
3. Volume is increased substantially
4. Intraday action : - Price fallen and huge buying at down prices ... So is this a shakeout???
... If all it means accumulation by SM right now... then very soon we MUST see within a week a start of a BIG uptrend and distribution by SM ....
But when accumulation going to end???
Do what I am seeing and deducing is correct???
Only bunny-dada and karthik Sir knows ...
Still for the paper trading now I say that there will be no major downtrend now ... So Call option is very soon going to rock now ...
I bought on paper herohonda 24 Sep 1620 Call @ 23.80 x200 = 4760 Rs.
Let us see what happens ...